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August 4, 2014

Freddie Mac Pulls Off First Nonperforming Loan Sale: $659 Million

By Paul Muolo

Freddie Mac sold a $659 million package of “deeply” delinquent loans from its investment portfolio – a first for the government-sponsored enterprise.

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

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